The AI-powered English dictionary
plural estimates
A rough calculation or assessment of the value, size, or cost of something. examples
(construction and business) A document (or verbal notification) specifying how much a job is likely to cost. quotations examples
“They know our boats will stand up to their work,” said Willison, “and that counts for a good deal. A low estimate from us doesn't mean scamped work, but just that we want to keep the yard busy over a slack time.”
1928, Lawrence R. Bourne, chapter 3, in Well Tackled!
An upper limitation on some positive quantity. quotations examples
The desired norm estimate is now obtained from the identity... [referring to an earlier statement saying that a certain norm is less than or equal to a certain expression]
1992, Louis de Branges, “The convergence of Euler functions”, in Journal of Functional Analysis, page 185
third-person singular simple present estimates, present participle estimating, simple past and past participle estimated
To calculate roughly, often from imperfect data. quotations examples
I estimate that I need 400 board feet of lumber to complete a job, and then order 350 because I do not want a surplus, or perhaps order 450 because I do not want to make any subsequent orders.
1965, Ian Hacking, Logic of Statistical Inference
Higher real prices for durables are estimated to have reduced their consumption per capita by 1.09% in 1930, […]
2003, Alexander J. Field, Gregory Clark, William A. Sundstrom, Research in Economic History
To judge and form an opinion of the value of, from imperfect data. quotations examples
It is by the weight of silver, and not the name of the piece, that men estimate commodities and exchange them.
1691, [John Locke], Some Considerations of the Consequences of the Lowering of Interest, and Raising the Value of Money. […], London: […] Awnsham and John Churchill, […], published 1692
It is always very difficult to estimate the age in which you are living.
1870, John Campbell Shairp, Culture and Religion in Some of Their Relations